On May 13, 1999, the Federal Energy Regulatory Commission (FERC) issued a Notice of Proposed Rulemaking (NOPR) on Regional Transmission […]
READ moreIn many countries, infrastructure sectors that have historically been vertically integrated natural monopolies subject to public regulation, such as electric […]
READ moreIn a companion paper (Joskow-Tirole 1998), we examined whether and how the allocation of financial transmission rights may enhance the […]
READ moreMost economists and analysts claim that extended use of pollution charges in environmental policy will have substantial efficiency advantages in […]
READ moreThis dissertation presents a different approach at looking at market power in capacity rights markets that goes beyond the functional […]
READ moreJapan consumes a considerable amount of the world’s energy, and it occupies an even more important position in the markets […]
READ moreI examine the long-run behavior of oil, coal, and natural gas prices, using up to 127 years of data, and […]
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